Friday, August 17, 2018

Transfer of Development Rights (TDR) Program

The goals of the TDR program are to preserve farmland and farming; redirect housing to areas of existing residential development, parcels too small for most farming, and poorest soils; and provide voluntary, market-driven, criteria-based alternative to 1-per-35 splits.

PROCESS OVERVIEW:

(1) Developer and development rights seller work with Town to determine splits on sending area and complete criteria worksheet;
(2) Concept Plan review from Town Plan Commission;
(3) Developer secures option to purchase development rights;
(4) Rezoning and land division approval process; and
(5) Complete development rights transaction and record conservation restrictions against sending area property.

RULES & PROCEDURES

Sending & Receiving Criteria worksheets